Bank Hapoalim BM Has $45.12 Million Stake in Invesco QQQ $QQQ

Key Points

• Bank Hapoalim BM reduced its holdings in Invesco QQQ by 1.9%, now owning 84,652 shares worth approximately $45.12 million, making it the bank's second-largest investment.
• Invesco QQQ recently increased its quarterly dividend to $0.694 per share from the previous $0.59, reflecting the company's growth and commitment to return value to shareholders.
• Institutional investors currently hold 44.58% of Invesco QQQ's stock, indicating strong interest and investment in this exchange-traded fund.

Bank Hapoalim BM trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,652 shares of the exchange traded fund's stock after selling 1,659 shares during the period. Invesco QQQ comprises approximately 6.0% of Bank Hapoalim BM's investment portfolio, making the stock its 2nd biggest position. Bank Hapoalim BM's holdings in Invesco QQQ were worth $45,124,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in QQQ. Brighton Jones LLC boosted its holdings in Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock worth $19,605,000 after buying an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock worth $2,687,000 after buying an additional 176 shares in the last quarter. Wealth Group Ltd. boosted its holdings in Invesco QQQ by 305.2% during the first quarter. Wealth Group Ltd. now owns 6,419 shares of the exchange traded fund's stock worth $3,010,000 after buying an additional 4,835 shares in the last quarter. Intellectus Partners LLC boosted its holdings in Invesco QQQ by 16.4% during the first quarter. Intellectus Partners LLC now owns 1,857 shares of the exchange traded fund's stock worth $872,000 after buying an additional 262 shares in the last quarter. Finally, Ehrlich Financial Group boosted its holdings in Invesco QQQ by 57.1% during the first quarter. Ehrlich Financial Group now owns 2,767 shares of the exchange traded fund's stock worth $1,298,000 after buying an additional 1,006 shares in the last quarter. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $603.18 on Friday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $607.33. The company has a 50 day moving average price of $579.85 and a 200 day moving average price of $532.17.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59. The ex-dividend date is Monday, September 22nd. This represents a $2.78 annualized dividend and a dividend yield of 0.5%.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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